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Retirement tax questions
A mutual fund is an investment vehicle ... instead of owning one stock you own a portion of a portfolio being managed professionally. Now you can own the mutual fund in an ordinary broker's account or a retirement plan like an IRA. Only you can know where the fund is being housed. And investing in a mutual fund is not a tax deduction itself ... however if you made an IRA contribution then that may be deductible.
‎September 9, 2019
7:33 PM